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Tag Archives: Payments

BFC FinTech Monitor 20th – 27th March

Stay up-to-date on all the all the latest FinTech news and information from around the world in the BFC FinTech Monitor Around the World: McKinsey and Company has issued recommendations for financial institutions regarding COVID-19 as well as probable economic consequences of the pandemic. A study by CB Insights has …

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BFC FinTech Monitor 13th – 20th March

Stay up-to-date on all the all the latest FinTech news and information from around the world in the BFC FinTech Monitor Around the World: The FinTech Times has predicted how the outbreak of the coronavirus and the subsequent quarantine measures will impact the FinTech market. Specifically, they predict that, although people will …

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BFC FinTech Monitor 5th – 13th March

Stay up-to-date on all the all the latest FinTech news and information from around the world in the BFC FinTech Monitor.  Around the World: Amsterdam will play host to the Money 20/20 international FinTech conference in mid-June. Confirmed speakers include experts from Goldman Sachs, Netflix and Airbnb. According to a …

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BFC FinTech Monitor 27th February – 5th March

Stay up-to-date on all the all the latest FinTech news and information from around the world in the BFC FinTech Monitor and telegram channel FinTech Wave.   Around the World: ATMmarketplace.com has released a new report on the main digital banking trends. It revealed that (1) Apple has set new standards, …

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BFC FinTech Monitor 20th – 27th February

Stay up-to-date on all the all the latest FinTech news and information from around the world in the BFC FinTech Monitor and telegram channel FinTech Wave. Around the World: In 2019, FinTech startups attracted a total of USD 34.5 billion in investments (1,913 total transactions). Nearly half of this amount (USD …

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An overview of biometrics in the former Soviet Union

How are financial institutions in the former Soviet Union using biometrics? Are investments made into these solutions always justified? This short overview will get you up-to-date. Russia: Leading Russian developers are currently implementing the Unified Biometric System project, which is being led by biometric specialists who have strong experience in …

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BFC FinTech Monitor 13th-20th February

Stay up-to-date on all the all the latest FinTech news and information from around the world in the BFC FinTech Monitor and in the telegram channel FinTech Wave.   Around the World: Analysts with Juniper Research predict that the volume of contactless payments will triple within just 4 years’ time. …

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A brave new world of biometrics

The use of biometric solutions is becoming increasingly popular with retailers, financial institutions and consumers due to the convenience and security they offer. Given the biometric world that appears to be in our not-too-distant future, the editors of BFC’s FinTech Bulletin and the telegram channel FinTech Wave put together this …

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Pay with a smile

Imagine the convenience of being able to go up to a kiosk and simply smiling to order and pay for your food. So-called “pay-with-a-smile technology” is not just the dream of science fiction authors, it has become reality for millions. From KFC locations in China to CaliBurger restaurants across California …

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5 major uses for biometrics in the banking industry

With biometric solutions all the rage, it’s only appropriate to also look at how biometric solutions can be applied to the banking industry. Here are 5 major banking uses for biometric solutions: Know your customer – one of the most significant on-boarding steps for financial institutions is to be able …

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Biometric mobile wallets: an inevitability?

Biometric solutions are infiltrating every aspect of our lives, and biometric mobile wallets (using face, fingerprint and/or retina scans as authorization mechanisms) seem more and more like an inevitability. As more and more people become comfortable with using their bodies as a means of identification, biometric payment solutions will also …

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BFC FinTech Monitor 3rd January – 12th February

Stay up-to-date on all the all the latest FinTech news and information from around the world in the BFC FinTech Monitor.   Around the World: American FinTech startup Remitly has launched a neobank for immigrants, allowing them to transfer funds to their homelands without documents establishing residency in the United …

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Video: China facing a new payment technology

China has been an early adopter of modern payment solutions, with its mobile payment infrastructure being one of the most advanced in the world. Now, the digitally-savvy country is moving on and installing facial payment technology. Take a look at the future of payments in the short, insightful video. Video: …

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Video: how artificial intelligence can power payment authorization

With merchants always on the lookout for a sale, consumers continuously demanding easier and faster checkout experiences and financial institutions seeking new and more efficient ways to mitigate fraud risks, artificial intelligence has become an intriguing solution in the payments industry. Here’s a quick look at the artificial intelligence powering …

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Digital alternatives continue to threaten traditional banking players

By now, alternative banking service providers (e.g. PayPayl, Venmo, Square) are well-known players in the payment industry. Less known is how many of these companies are expanding into other banking areas. For example, PayPal is rapidly growing as a digital lending alternative, recently announcing that it had crossed the USD …

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New payment solutions putting legacy banking providers at risk

With the rise of new payment solutions such as Apple Card and Amazon Go, we are seeing a disintermediating (or de-coupling) or the traditional banking industry from the business of payments. With traditional financial institutions seemingly having issues in providing consumers with the payment solutions they really want (e.g. Chase …

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Facebook launching Facebook Pay payment system

Facebook has introduced Facebook Pay, a unified online payment system for Facebook, Instagram, Messenger and WhatsApp. Facebook Pay is designed to simplify transactions made through the sites while also ensuring that payment data is secured. The new payment service, which supports most payment cards and PayPal, will first be piloted …

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3 key payment trends for 2020

The payment industry continues to expand and evolve, with digital payment vehicles and transaction volumes growing across the globe. Experts anticipate that 2020 payment trends will push the development of payments even further. Here are 3 payment trends for 2020: Competition between closed and open payments platforms – there is …

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Ingenico’s 5 payment predictions for 2020

Ingenico, a global leader in seamless payments, have analyzed the disruptive trends likely to transform the payment industry in the future and come up with 5 predictions for payments in 2020: Social commerce and voice commerce – both are likely to become part and parcel of our everyday life, making …

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The impact of the cloud on B2B payments

Business-to-business (B2B) payments are expected to continue their advance and become any even more popular payment method in 2020, reaching USD 23.1 trillion in the U.S. alone. This boom in B2B payments is being largely driven by cloud technology, which facilitates payment digitization and improves the entire payment cycle. Perhaps …

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